Octopus Company provides you with the following information regarding its inventory Maximum lead time 5 weeks Minimum lead time 2 weeks Average delivery time 3 weeks Lost interest rate 3% Insurance 2% Annual demand 250 000 Cost price per unit R20 per unit Ordering cost R30 per order Maximum weekly usage 4 000 units Minimum weekly usage 3 000 units Required Calculate the following: (a) EOQ (b) Number of orders per year (c) Reorder level

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Balance of Payments

BOP is categorized into the following three components: